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Korea poised to top in 2018 NB orders
[Market Information]
Korean shipbuilding industry has been awarded newbuildings of 10.90m cgt for the 11 months to November 30, 2018, extending its lead over No. 2 Chinese shipyards to over 2m cgt. which is poised to reclaim the top new order spot in seven years.&nbs...
2018-12-14 16:37:45
McDermott-BHGE selected for Equus Gas Project
[Offshore]
McDermott International, Inc. (NYSE: MDR) announced on Wednesday they, with Baker Hughes, a GE company, have signed a memorandum of understanding (MOU) with Western Gas Corporation Pty Ltd to be the exclusive development partners for the Equus Ga...
2018-12-14 08:35:36
Pest-free vehicle exports to Oceania
[Shipbuilding]
UNIKAI Lagerei- und Speditionsgesellschaft mbH, a subsidiary of Hamburger Hafen und Logistik AG (HHLA), has developed a worldwide unique technology for preparing vehicles for pest-free transport to Australia and New Zealand. The process involves ...
2018-12-14 08:35:00
Navig8 inks S&LB with AVIC for two TKs
[Shipping]
Navig8 Chemical Tankers Inc. (the “Company”) (N-OTC: CHEMS), an international shipping company focused on the transportation of chemicals, announced on December 11 that it has entered into sale and leaseback agreements with AVIC International...
2018-12-14 08:34:15
Rockwell expands capabilities for PowerFlex 755T drives
[General]
Rockwell Automation has expanded the power ranges and capabilities of TotalFORCE technology for its Allen-Bradley PowerFlex 755T AC drives. The drives now offer an expanded power range, helping engineers with applications from 10 to 6,000 horsepo...
2018-12-14 08:33:40
Scorpio Group takes over Nordic American Offshore
[Offshore]
Nordic American Offshore Ltd. (NYSE: NAO) announced on December 12 that it has entered into a share purchase agreement with Scorpio Offshore Investments Inc., a closely held company owned and controlled by the Lolli-Ghetti family, including Emanu...
2018-12-14 08:33:19
NAO secures term employment for PSV
[Offshore]
Bermuda-based Nordic American Offshore Ltd (NAO) has been awarded a one-year fixed contract for the Platform Supply Vessel (PSV) “NAO Power” (2013), NAO announced. Commencement is in early December 2018. The contract also has two 3-months ...
2018-12-14 08:31:29
CSSC and Shanghai join forces for maritime industry
[Shipbuilding]
China State Shipbuilding Corporation (CSSC) recently signed a strategic cooperation agreement with Shanghai Municipal Government. Both sides will jointly promote ship and offshore engineering and other high-valued services in Shanghai. Accordi...
2018-12-14 08:30:43
CHI finalizes LR2 newbuilding contracts
[Shipbuilding]
Singapore-based First Ship Lease Trust (FSL Trust) has signed formal contracts for two new LR2 tankers with a Chinese state-owned shipbuilder. The shipowner signed letters of intent (LOI) with COSCO Shipping Heavy Industry(CHI) (Yangzhou) earl...
2018-12-14 08:30:19
FSG inks Ro-Ro vessel duo
[Shipbuilding]
German shipbuilder Flensburger Schiffbau-Gesellschaft (FSG) has recently won two Ro-Ro ferries from Siem Car Carriers. According to broker industry sources including Clarksons Platou, the two 4,000-lane meter newbuilds are slated for delivery ...
2018-12-14 08:29:52
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